NEWSROOM

    TORONTO, April 14 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PEG) today
announced that, in conjunction with its annual and special shareholder meeting
to be held on Wednesday, April 30, 2008, its board of directors intends to
establish two additional committees of the board. The board intends to
establish a nominating and governance committee, which will be composed of a
majority of independent directors, and will be responsible for identifying and
recommending to the board individuals qualified to become new board members.
    The board also intends to establish a reserves committee, the composition
of which has not yet been determined, which will be responsible for the review
of the company's reserve evaluation procedures and for recommending to the
board the approval of reserves data prepared in accordance with National
Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.

    Pacific Rubiales, a Canadian-based company and producer of natural gas
and heavy crude oil, owns 100 percent of Meta Petroleum Limited, a Colombian
oil operator which operates the Rubiales and Piriri oil fields in the Llanos
Basin in association with Ecopetrol S.A. the Colombian, national oil company.
The Company is focused on identifying opportunities primarily within the
eastern Llanos Basin of Colombia as well as in other areas in Colombia and
northern Peru. Pacific Rubiales has a current net production of approximately
19,050 barrels of oil equivalent per day, with working interests in the
Rubiales, Piriri and Quifa concessions and the Caguan, Dindal, Rio Seco,
Puli B, La Creciente, Moriche, Guama, Arauca, Tacacho and Jagueyes blocks in
Colombia and blocks 135, 137 and 138 in Peru.

    Forward-looking statements: This document contains statements about
expected or anticipated future events and financial results that are
forward-looking in nature and as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties resulting from
potential delays or changes in plans, the occurrence of unexpected events, and
the Company's capability to execute and implement its future plans. Actual
results may differ materially from those projected by management. For such
statements, we claim the safe harbour for forward-looking statements within
the meaning of the Private Securities Legislation Reform Act of 1995.

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